Inflation fell sharply last year but progress has stalled in recent months.
The Fed Funds rate remains between 5.25% and 5.5%, matching its highest level since 2001.
WASHINGTON (AP) — Federal Reserve officials signaled that they still expect to cut their key interest rate
Asian shares bounced while gold prices and Japan’s Nikkei jumped to record highs after the US Federal Reserve indicated it would stick with plans for cutting interest rates. The US dollar nudged lower and traders slightly increased their expectations for a US rate cut in June. Japan’s Nikkei went up 1.5 per cent to a […]
Inflation in the U.S. isn't coming down fast enough as price pressures within the economy persistently linger.
Federal Reserve Bank of Chicago President Austan Goolsbee said he is among policymakers anticipating three interest-rate cuts this year.
The Federal Open Market Committee's March projections for rate cuts shows a median Federal funds rate of 4.6% in 2024, versus 5.25%-5.50% today.
A committee of Federal Reserve officials voted Wednesday to keep interest rates at a 22-year high after unexpectedly high job gains and inflation delayed plans for possible rate cuts. The Federal Open Market Committee (FOMC), the panel of Fed officials responsible for setting borrowing costs, voted to keep its baseline interest rate at the range []
Fed officials now expect it will take slightly higher interest rates to get inflation down to their two percent target and to keep it there. | Economy
WASHINGTON >> Federal Reserve officials signaled today that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed surprisingly high at the start of the year. Yet they foresee fewer rate cuts in 2025, and they slightly raised their inflation forecasts.
The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when the first cut will come.
Interest rates could fall to as low as three per cent in 2025 as the Bank of England slashes the cost of borrowing in response to lower inflation.